Chinese consumers embrace France's Carrefour

Claudio Gouveia, an executive at Carrefour China, said the company has performed well in China, which is one of its fastest-growing markets. Carrefour launched more than 20 new stores in China last year, Gouveia said, and is planning another 20 to 25 locations this year. "Currently, Carrefour has a good presence in big cities while more new stores will be in second- and third-tier cities," Gouveia said.